Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which of the following does not explain the impact of government policy changes on business and industry?

Options:

More demanding customers

Increasing competition

Change in agriculture prices

Market orientation

Correct Answer:

Change in agriculture prices

Explanation:

The government policy of liberalisation, privatisation and globalisation has made a definite impact on the working of enterprises in business and industry in terms of
(a) increasing competition
(b) more demanding customers
(c) rapidly changing technological environment
(d) necessity for change
(e) need for developing human resource
(f ) market orientation
(g) loss of budgetary support to the public sector.

Thus, change in agriculture prices is not an impact of reforms.